Rusal Holds Talks With Guinea to Develop Bauxite Deposit
Bloomberg reports that aluminum producer United Co Rusal (HKG:0486) is in talks to develop mines in Guinea.
Bloomberg reports that aluminum producer United Co Rusal (HKG:0486) is in talks to develop mines in Guinea.
In an interview with CNBC, the deputy chief executive of Rusal expressed that Aluminum will average $2,700 per ton for the year.
Reuters Africa reports that on Monday, United Company Rusal Plc (HKG:0486) has withdrawn its earlier objection to Norilsk Nickel's (LON:MNOD) plan to buy back common shares.
Reuters Africa reports that Rusal Plc(HKG:0486) sees steady output growth in 2011, driven by strong demand from China and a rebound in North America.
Bloomberg.com reports that Asia's demand for aluminum will drive prices up in Q4, according to United Co. Rusal.
Reuters.com reports that Rusal has missed forecasts in its' latest reporting.
Bloomberg.com reports that Rusal, driven by higher aluminum prices, shot up to record highs in Hong Kong.
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.
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